A small manufacturing firm has two products that are produced using its in house 3-D printers. The budget and time constraints for this process give the production possibilities curve that is defined by the table below. If the company is currently producing 30 units of product A and 39 units of product B, can the production of product B be increased? Explain.
Product A 0 10 20 30 40 50 60
Product B 51 50 46 39 29 16 0(1 point)
Responses
Yes, the production of product B can be increased to whatever value is desired.
Yes, the production of product B can be increased to whatever value is desired.
No, the point is already on the production possibilities curve.
No, the point is already on the production possibilities curve.
Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
No, the point is already on the production possibilities curve.
According to the data given in the table, the maximum quantity of product B that can be produced is 51 units when the production of product A is 0. Since the current production of product A is 30 units, the production of product B cannot be increased beyond the current level of 39 units without reducing the production of product A. Therefore, option 3 is not correct.